Graduate GPA counts?

[Malgor]

I would like to ask whether the graduate admission comittee will consider a higher GPA in your current graduate studies than your undergraduate. For example in my case

I have 8.5/10.00 in my undergraduate (I think it is safer not to make any conversion, but according to some estimates this grade is greater than 3.4 which is the raw conversion). My current graduate GPA (Master) is 10.00/10.00 with 75% credits completed.

Obviously undergraduate GPA may count more since the curriculum consists of c.a. 40 courses, while the Master curriculum consists of c.a. 10 courses. However, do you think that they will simply ignore the graduate GPA?

[joro]

My friend had a 4.0 GPA, 1440 GRE, and I think only 2 publications. He was rejected by every school he applied to except for UC Davis. He said that he thinks that grad admissions only cares about publications if you have a MS.